Swiss market maker · Tokenized & digital asset markets

Liquidity, engineered
to a benchmark.

SGCS makes markets in tokenized equities, real-world assets and digital assets — two-sided, hedged, 24/7 — and commits its own capital alongside the mandates it runs. Every program is reported against contractually verifiable KPIs.

Principal tradingOwn book, own risk
Non-custodial mandatesTrade-only API access
Swiss société anonymeGoverned & audited entity
Investing & making marketsSame balance sheet, same side
Venue integrations — spot, derivatives & brokerage rails
01Capabilities

Markets made. Capital committed.

Six trading capabilities and a principal-investment arm — one engine, one risk framework, one reporting standard, scoped to the mandate rather than repackaged per client.

1.1

Designated market making

Contracted two-sided quoting on named pairs with committed spread, depth and uptime targets. Compensation conditioned on hitting the benchmarks — measured, not asserted.

Retainer · KPI-conditioned
1.2

Issuer liquidity programs

Continuous markets in NAV-anchored tokens — tokenized treasuries, funds and other RWA. Quotes disciplined to the official NAV feed with tracking error reported daily.

Tokenized RWA · NAV-anchored
1.3

Tokenized-equity derivatives

Two-sided markets in perpetuals on tokenized single-name equities, delta-hedged against the underlying through regulated US brokerage rails during cash hours.

Perps · Hedged to the primary
1.4

Token project market making

Loan-plus-option structures for token issuers: the project supplies inventory, SGCS supplies the market. Incentives aligned through upside, with hard risk limits on the book.

Loan + option · Aligned incentives
1.5

Listing & launch liquidity

Order books built from the first print: opening liquidity, spread discipline and depth through the volatile first weeks of a listing on new or established markets.

TGE · New listings
1.6

OTC & structured execution

Off-book execution of large positions — accumulation or sell-down — worked against firm risk limits to minimise footprint, with every fill reconciled and reported.

Blocks · Programmatic sell-down
1.7

Principal investments

SGCS commits its own balance sheet to the ecosystems it trades: direct token positions, loan-plus-option structures and pre-listing commitments — typically alongside a liquidity mandate, so the investor and the market maker sit on the same book and win the same way.

Own capital · Alongside mandates
02Who we serve

Three counterparties. One standard of market quality.

03Technology

Everything between the strategy and the exchange, built in-house.

SGCS runs on a single proprietary system — execution, risk, hedging, monitoring and reconciliation in one codebase, operated continuously. Risk limits and de-risking thresholds are enforced in code, and tighten automatically outside the hours when underlying hedges trade.

The same system produces the record. Every fill is matched to the venue's own trade identifier; every incident is logged with cause and resolution. What we report is what the exchange saw.

Proprietary, end to end Limits enforced in code 25+ venue integrations Reconciled to venue records
04Reporting & verification

The reporting standard.

Every mandate reports the same six metrics, computed from reconciled order and trade records, on a fixed cadence. The targets sit in the agreement; the pack shows delivery against them. Where a mandate references no official NAV — pure-token or cross-venue arbitrage books — the price-relative metrics are measured against a consolidated cross-venue reference price instead.

MetricMeasured asSource
Quoted spreadTime-weighted bid–ask width, in basis pointsOrder records
Effective spreadVolume-weighted fill price against NAV at the moment of fillTrade records
NAV tracking errorMean and worst-case deviation from official NAV, and time to correctionTrades · NAV feed
Two-sided presenceShare of time quoted on both sides, with committed depth on eachOrder records
Operational uptimeQuoting availability, with the full incident registerSystem log
P&L decompositionSpread capture, inventory mark-to-market and fees, stated separately; NAV accretion isolatedReconciled ledger
RECONCILED
AT SOURCE

Every figure is checked against the exchange’s own trade record before it enters a report — so the pack you receive is portable, and anyone can verify it independently.

05Engagement

From first call to live book in four disciplined steps.

Step 1

Scope

Pairs, venues, depth and spread targets, inventory structure and risk limits — agreed in writing before anything trades.

Step 2

Stage

Strategy configured against live market data and run through the full risk and deployment review before capital is committed.

Step 3

Go live, limited

The book opens inside hard limits with automatic de-risk thresholds; size scales only as delivery against targets is demonstrated.

Step 4

Report & review

The six-metric pack lands on a fixed cadence; a standing review adjusts targets as the market — and the mandate — matures.

Alignment by construction

Compensation is conditioned on the measured KPIs, and structures can include SGCS capital at first loss — our downside sits in front of yours, bounded by explicit thresholds.

Your assets stay yours

Client-account mandates run on trade-only API access with no withdrawal permissions. Where SGCS holds inventory under loan, terms, limits and return conditions are contractual.

CHCompany

Swiss by domicile. Swiss by discipline.

Swiss Growth Capital Solutions SA is a Swiss société anonyme trading as principal on its own book. The desk was built by practitioners who have run production liquidity through launches, drawdowns and venue failures — and who decided the only durable answer was to own the entire stack and measure everything.

We keep the operation deliberately compact: senior engineering and trading in Europe, live operations and reconciliation staffed across three continents, and a governance discipline where risk limits are code, not culture.

Operations coverage — UTC−6 to UTC+5
  • UTC−6 · Reconciliation
  • UTC+1 · Live ops / HQ
  • UTC+5 · Investigation
EntitySwiss Growth Capital Solutions SA
FormSociété anonyme (SA), Switzerland
ActivityProprietary trading & market-making mandates
CustodyNone — no client assets held for trading mandates
AdviceNone — SGCS does not advise or manage portfolios
Coverage24/7 — engine and operators, every session

Bring us a book.
We'll bring the benchmark.

Tell us the pair, the exchange and what a good market has to look like. You'll get a scoped proposal with explicit spread, depth and uptime targets — and the reporting to hold us to them.

desk@swissgrowth.capital